Some damn thing on the Liffey
Looks like a lot of The Big Shitpile could be buried in Dublin. Because that seems to be one place the shadow banks stashed it.
Hey, Barry! Why don't you pass the time by playing a little game of pass the parcel?
NOTE Via Yves on Systemic coupling round up. Remember "small pieces loosely joined"? How the internet is architected such that when one site goes down, the whole network doesn't collapse? Well, it looks like our TBTF financial network is the very opposite: Big systems tightly coupled. It's almost like it was designed to crash, or sumpin. Whereupon the big systems that crashed each other double down, get bigger, and crash again. There's no doom loop for the internet, but there is for finance...